




512 Herring Ave, Waco, TX, 76708
About This Home
OWNER FINANCE OPPORTUNITY – Rare opportunity to purchase two adjoining parcels in Waco’s Opportunity Zone, offering outstanding flexibility for homeowners, investors, and developers alike. Featuring highly desirable R-3E zoning, these properties allow for a variety of high-density residential uses including duplexes, townhomes, multifamily residences, and apartments, creating exceptional future development potential in one of Waco’s growing areas. The primary property features a spacious 2-bedroom, 2-bath home updated with fresh interior paint and new flooring, offering a clean and move-in ready space. Outside, you’ll find additional storage shed ideal for a furry friend or hobby space. The adjoining vacant lot expands the possibilities even further, providing additional space for development, investment, or future expansion. Conveniently located just minutes from Cameron Park, the Cameron Park Zoo, and the Brazos River, these properties offer quick access to some of Waco’s most popular outdoor attractions, trails, recreation, dining, downtown Waco, Baylor University, and major thoroughfares. Whether you’re looking for a primary residence with additional land, an income-producing investment, or a future development opportunity, these combined parcels offer incredible versatility and long-term potential. A DIFFERENT PATH TO HOMEOWNERSHIP – Flexible owner financing options are available for qualified buyers, creating an attractive opportunity for those seeking alternative financing solutions.
Getting Around
Schools
Construction
Condition
- Year built: 1940
Materials
- Foundation: Pillar/Post/Pier
- Roof: Composition
Type & Style
- Home type: SingleFamily
- Architectural style: Traditional,Detached
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Electric Range,Disposal,Microwave,Refrigerator
- Laundry features: Laundry in Utility Room
Bedroom
- Level: First
- Dimensions: 14 x 12
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Breakfast Room Nook
- Level: First
- Dimensions: 10 x 7
Dining Room
- Level: First
- Dimensions: 14 x 12
Features
- Decorative/Designer Lighting Fixtures,Eat-in Kitchen
- Flooring: Luxury Vinyl Plank,Vinyl
- Number of fireplaces: 1
- Fireplace features: Decorative
- Fireplace: Yes
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total interior livable area: 1,176 sqft
Kitchen
- Level: First
- Dimensions: 12 x 13
Living Room
- Level: First
- Dimensions: 19 x 13
Master Bedroom
- Level: First
- Dimensions: 16 x 11
Utility Room
- Level: First
- Dimensions: 12 x 13
Property
Details
- Parcel number: 480023000003000
Features
- Levels: One
- Stories: 1
- Pool features: None
- Patio & porch: Covered,Front Porch
- Exterior features: Storage
- Fencing: Chain Link,Partial
- Residential vegetation: Cleared
Lot
- Lot size: 0.27 Acres
- Features: Acreage,Backs to Greenbelt/Park,Level,Many Trees
Parking
- Parking features: Additional Parking,Driveway
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Tornado
- Cold Wave
- Heat Wave
- Lightning
How This Home’s Risks Compare
FEMA Declared Disasters Across Texas Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $909 | $10,908 |
| Home Insurance * | $128 | $1,536 |
| Property Taxes | $340 | $4,080 |
| Electricity | $238 | $2,859 |
| Total | $1,615 | $19,380 |
Income You'd Need if You Spent...
Texas FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-28 | Price change | $179,900 |
| 2025-05-02 | Listing removed | $1,350 |
| 2025-02-19 | Price change | $210,000 |
| 2025-02-17 | Listed for rent | $1,300 |
| 2025-01-25 | Listed for sale | $225,000 |
| 2023-12-22 | Listing removed | -- |
| 2023-12-07 | Price change | $1,350 |
| 2023-10-08 | Listed for rent | $1,200 |
| 2019-04-18 | Listing removed | $950 |
| 2019-03-19 | Listed for rent | $950 |
| 2018-03-22 | Listing removed | $950 |
| 2018-01-31 | Listed for rent | $950 |
For Sale by Agent
